The primary focus of mutual savings banks is to accept deposits from consumers and provide mortgage and consumer loans.

Question

Quizplus · Accepted Answer

Mutual savings banks are typically focused on accepting deposits from individuals, families, and businesses, and then lending those deposits out in the form of mortgages, consumer loans, and other types of loans. This makes them similar to traditional banks and credit unions, but with a specific focus on savings and lending.

The Primary Focus of Mutual Savings Banks Is to Accept